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1901  Other / Off-topic / Re: What do you HATE most? on: March 20, 2014, 01:24:58 AM
Mark Karpeles ?  Grin
1902  Bitcoin / Bitcoin Discussion / Re: What's the most stupid comment you've heard about bitcoin? on: March 05, 2014, 06:34:13 PM
"You have to pay tax on bitcoin" hahahahahahaha!

wait, am I missing something?   You do have to pay taxes on the gains on bitcoin, unless you want to expose yourself to the risk of an audit.   Depending on your tax bracket this may or may not be likely...


PS - if you don't pay your taxes you are also a cheap asshole and not contributing your fair share to maintain and defend your country.

come on ,the defence budget is in the trillions and more money  will be wasted on wars and developing new weapons than healthcare for the old  or education for the young

if taxes went directly into schools and hospitals i could see a moral ground for paying them ......but not for wars ,sorry

defence budget should be called the attack budget in reality because all they use it for is to attack weaker countries who are too far away from the states to do any damage anyway ........
1903  Economy / Service Discussion / Re: Poll: Who should acquire & bailout MtGox? on: March 05, 2014, 04:35:39 PM
Anyone who's cheering the demise of Mt.Gox and thinks that this is somehow "good for bitcoin" etc. has seriously misread the current situation.

6-7% of all bitcoins in the hands of unknown criminals is very, very bad for bitcoin and will have repercussions, both short and long term, that we can't even begin to fathom at this point.

Exchanges worldwide have already been served with subpoenas. There is ample evidence that large scale blockchain mapping efforts have been underway for quite some time now. Some groups already have evidence to at least partially substantiate Mt.Gox's "malleability" hacking claims.

Hopefully at least some of these coins will be traced/seized/recovered. It's difficult to completely obfuscate 6-7% of all bitcoins over several years without slipping up somewhere.
That's why we should consider inflating away the bitcoins held by thieves: raise the max bitcoins to 21 billions ( 1 BTC will be worth $0,5)

... or maybe we could just peg them to Dogecoin at 1:1.

But seriously - this could be a difficult test for the 'fungibility' of bitcoin. If the coins are somehow tracked, should they really be considered untainted or could this lead to legitimization of the black- or redlisting that's been previously proposed?
Blacklisting 1 million coins implies that they are out of the market, therefore we need to raise the max limit of bitcoin supply corresponding ( 21 + 1 million btc = 22 million btc max)

once they hit a big mixer like satoshi dice or btc-e,it would be more or less impossible to prove they were anybodys from gox

also changing the core principals of bitcoin is wrong imo ,the coins can be split down to 0.000000001
which leaves 21 billion satoshis ? theres no need for everyone to keep thinking of full coins as they become
harder to mine and more valuable
1904  Bitcoin / Bitcoin Discussion / Re: What's the most stupid comment you've heard about bitcoin? on: February 28, 2014, 06:22:45 AM
People tend to get quite confused with all this fancy crypto stuff and confused people tend to say funny things when they try to act competent. So, what's the most stupid thing you've heard about bitcoin recently?


some super wealthy  saviour is going to buy mt gox and pay everyone back their losses  Shocked
1905  Economy / Service Discussion / Re: Poll: Who should acquire & bailout MtGox? on: February 28, 2014, 05:39:05 AM
i think everyone is just dreaming here

if any of the aforementioned parties were going to open an exchange ,theyde just open one and start at 0.00

taking on a few hundred millions of debt wouldnt be a feasible plan for anyone

loooks like lost is lost for whatever money people left at gox
1906  Other / Archival / Re: Lessons from MtGox collapse on: February 27, 2014, 10:43:50 PM
At times like these in the BTC world I am gratefull for one thing:
I only bought and invested 1 BTC so I could trade altcoins, and already cashed that one back out (with many others).

Would be nice if BTC hits 1000$ again some day, but if it hits 100$ I still made money out of nothing in my free time :]
what do you mean by " if it hits 100 i still made money ?
have you checked the prices recently ?
1907  Alternate cryptocurrencies / Altcoin Discussion / Re: What coins are you spending most your time on atm? on: February 27, 2014, 10:24:23 PM
bitcoin - the rest are shit and will stay that way until bitcoin goes mainstream
the world is slowly starting  accepting kryptos but when it does you will want
to have btc since most others will be useless
1908  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Fuck Cryptsy, Fuck Cryptsy, Fuck Cryptsy on: February 27, 2014, 03:00:19 PM

No one seems to have answer for my question.

If Cryptsy is so bad, why do you continue to use the site?


Answer: Because 90% of have no other place to trade your shit coins, that's why.





~BCX~
its called lack of alternatives .........
1909  Bitcoin / Bitcoin Discussion / Re: Curious- Does Satoshi really own over 1 milion of BTC? on: February 27, 2014, 02:58:49 PM
And what is hilarious is people constantly throw out the SCAM! accusation when developers of other coins premine a few thousand for themselves. I know Satoshi obviously deserves more credit for actually inventing the Bitcoin protocol but it is a bit of a double standard.

Double standard how?

Satoshi released the code with only one block mined.  That bitcoins in that block are not spendable.
as far as i know ,he could spend the early coins if he wished
some estimate 1-1.5 million coins were mined in the early days that may still be under satoshits contorol...
why he never spent any is anybodys guess .......maybe hes already  rich/dead/forgot his passcodes..etc  ......maybe hes the NSA
1910  Bitcoin / Bitcoin Discussion / Re: Curious- Does Satoshi really own over 1 milion of BTC? on: February 27, 2014, 01:02:50 PM
he could bail out gox if he wanted to and still be a very wealthy man .......lol
1911  Bitcoin / Bitcoin Discussion / Re: New York wants to regulate Bitcoin on: January 31, 2014, 03:15:17 PM
They could easily render it effectively stone dead but seem to be more open minded than I was expecting.

not really ,even if america made btc illegal doesnt mean russia and other competing nations would agree

they might be able to stop americans from using it but it still wouldnt kill bitcoin use in the rest of the world

and america would move on to some other form of payment
1912  Bitcoin / Bitcoin Discussion / Re: New York wants to regulate Bitcoin on: January 31, 2014, 12:24:54 PM
Price seems pretty stable to me at 950. Until the next ramp if course.  Cheesy

Yes, I was thinking if Amazon allowed payments, then flux; but I expect that would happen parralleled by easy options to everyone to buy coin.


If they don't offer any kind of difference on the price why mainstream people will trade fiat for BTC pay the commission and buy the item they want. I still thinking its needed any economic attractive to the mainstream people. 

it will be possible to sell items cheaper for btc since there is no credit card  transaction processing  fees and zero risk of fraud or chargebacks from btc customers

they could shave off a few % for btc users if they were so inclined
1913  Other / Off-topic / Re: What do you HATE most? on: January 31, 2014, 11:42:32 AM
max keiser  Grin
1914  Bitcoin / Bitcoin Discussion / Re: New York wants to regulate Bitcoin on: January 31, 2014, 11:23:27 AM
its impossible to regulate a decentralised worldwide network
let them try
1915  Other / Politics & Society / Re: who inspires you? on: January 31, 2014, 09:27:59 AM
Joe Rogan
Stephan Molyneaux
Jimmy Carr
George st Pierre
Mike Tyson
1916  Bitcoin / Press / Re: [2014-01-31] BTC China Starts Accepting Deposits In Chinese Yuan Again on: January 31, 2014, 09:06:43 AM
Don't spread rumors. RMB deposits are gone for good. BTC can survive without it.  Grin

not according to the news ,deposits are back on it seems

https://www.google.co.th/search?q=btc+china+&ie=utf-8&oe=utf-8&rls=org.mozilla:en-GB:official&client=firefox-a&gws_rd=cr&ei=V2frUpmhAsSxrgec1oCgDw#q=btc+china&rls=org.mozilla:en-GB:official&tbm=nws
1917  Bitcoin / Press / Re: [2014-01-31] BTC China Starts Accepting Deposits In Chinese Yuan Again on: January 31, 2014, 09:01:36 AM
thats even better ,if theres a limited timeframe the chinese will buy like crazy and drive up the price again

lol. maybe. bubbles tend to end in tears though. let's see how it plays out over the next few weeks.

I think that there are enough smart people in China who will think that if the government is this scared of bitcoin, there must be some value there. :-)


it might be the government whose buying them Wink
smart move crashing the price down to 600 to pick up half price  coins
1918  Bitcoin / Press / Re: [2014-01-31] BTC China Starts Accepting Deposits In Chinese Yuan Again on: January 31, 2014, 08:49:41 AM
thats even better ,if theres a limited timeframe the chinese will buy like crazy and drive up the price again
1919  Bitcoin / Press / Re: [2014-01-31] BTC China Starts Accepting Deposits In Chinese Yuan Again on: January 31, 2014, 08:40:36 AM
it seems to be true ,the chinese are allowed to buy btc again

this should be good for anyone who didnt sell in a panic  Wink
1920  Local / India / Re: Why do these fu*ktards not say something positive about bitcoin ? on: January 31, 2014, 03:58:28 AM
most of the people who are shouting bad things about bitcoin are probably trying to keep the price low enough so they can keep buying up cheap btc before it takes off

anyone with even  half a brain should be able to clearly see the btc  is revolutionary and its only  a matter of time before everyone is using it because of its advantages over anything that currently exists

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